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What is the amount and character of jacob gain or loss

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Reference no: EM132438214

Question - Jacob purchased business equipment for $101,700 in 2016 and has taken $61,020 of regular MACRS depreciation. Jacob sells the equipment in 2019 for $45,765.

What is the amount and character of Jacob's gain or loss? If an amount is zero, enter "0".

Reference no: EM132438214

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